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Ningxia Ninghui Online National Account Opening Contact Number:
There is another reason why employment situation reports can control financial markets so much: employment figures often surprise people. Having little other information for the month makes it difficult for experts to predict job losses. The highlight of the employment situation report is of course the unemployment rate, which is the percentage of society's labor force that is not employed. What do we mean by social labor force? It is defined as all employed and unemployed people over the age of 18 (except those in the military, prisons, mental hospitals, and sanatoriums). Economists measure monthly changes in the job market based on two different sources. One is based on household surveys conducted by the government through telephone and letter interviews with households. The other is the Organization (Payroll) Survey, which inquires directly from companies about recent personnel changes. Taken together, these two items paint a broad picture of the state of the labor market and, more broadly, the economy.
Wages and salaries derived from employment constitute the main source of income for households. The more workers earn, the more they buy and the more they do to move the economy forward. If there are fewer people working, spending will fall and businesses will suffer. Since household spending accounts for 1/2 of the total economy, you can understand why the investment community pays so close attention to the jobs report.
Ningxia Ninghui online account opening nationwide contact number:
Ningxia Ninghui online nationwide account opening contact number